Sears Holdings Corp. is closing another 40 stores as the once-dominant retailer continues to shrink and wind its way through bankruptcy proceedings.

Sears said it plans next week to begin liquidation sales at 11 Kmart and 29 Sears stores, just ahead of the Black Friday holiday shopping weekend. The stores from Santa Barbara, Calif., to Bethesda, Md., are expected to close in February.

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